Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-07-17
WALL STREET.
mUw Fortunes are Msde
and Lest
y.ls.. R4,gA - s. p. cArOaisl..

nna& ke.H4 4&T t94i4 80 w. - 49,
~ e{Eoo0o IL part payDent tof s.oel
49, q Cyrus W. kisld- y e lafE
- a maHsg 10 Be vc4ebed To- ~
s1s-le stFip II p4psF. fes Ne x1neae
- - IL events that attended hayl
1900 fFssh sftsnaisn 70 Wal efFes
- ~ ways, ard 10 three o. faax won
1~fsI men Who 81 fhs thoeaa1d ia
- - INTO ths strea1, stiil saFyivl
- - nnd battles Tia stock 81
ISn~s kaslf = an intsregtina Place
Trn 80 tkaa aaakn In u aEs ssllina q
1000 arfnss, bat oaFiousty ensaek
- - 70 ssafa. A deak tor preaid
- eNanF on 3 plaafof1, and BsSera
-7ss1-Vr-s f1r teieeFaph tnstrumeats
- ehe gnlg furniture. Tie feaa Is eln.
80 hroad aoos, and o. his floor ~
k.aksrs oFvwa and Iostle cash othef
TsSs r1and Is thsg bar ard eel, and
srss-n1 81 makinR the record 81 thr
e-ens.esioa vita great Formally and
- mn6h aiealty, thsY anpay i0t 90 .
- tha hFiefets sort Of q mennoFan6am.
IA er tae psisileqs Of going upou the
hvns FarF0andsa b. bars walls that We
kFoksr GAYS TIE fWeniy- hye tbcusane
Sellara, fhs room seemed 70 be nllad
via hsmiine inHasies, and 70 BE- EMU
90 ilsslf. Nevertheless, these Ders Al
SAeaRh noisy sad active, are % far re-
wee1 fFoFn iunasy ~ almoei nefef 70
80 a esFog, and the entire DRoossd-
ines have 90 mach Of system kha1 when
49, nn eFrag 4 mada Il is easily traced
ana Faesiaed. Tka bulldin9 Itself 10
anon a. valaAhie iand e. muy Be found
nNew Yoxh City. Is treats on Wall,
Bfesa, ana NsW Streets, and with iis
esaflV safs deposit EunlH and ffeQnent
imrsoVsmanis has cost nofs than q mil.
ia of dollars. Every little Wills there
ha fsesA complaints that . biRRsF build-
inz b aeedsd, and 9ith Il comes ths
pssa that the Exchange should be nov
"a fuFtasE % to9n, Bat . vii be
msay years befs1e Tits q done-
earremnding the Exchange are the
oilssa 81 ths 1i00 bFokeEn Nho are mem
hms u the Exchange. As cash broker,
almosi withual exception, has . partner
81 TEE, q b safe 10 asy that 200 o. 5000
msn are hsltssly engaged In the busi-
see1 e members Of commission honeea.
IN every ofAse 10 q ticker shat splits cut
aaotations Is fast e sales ere made IN
ihe Exohan1e. and afoand these tiokeFs
siasa ~ customers o. spectators
inistssaina hook Of lambs Who, almost
na man, loss money.
Imy thai thess spectators lose mon
e.. Ans honest broker Of any long ex-
perisnee VII tell yoa %. TheFa are noe
abe easea u men making great hitg In
~ alFeost, and when biz ls made Il b
pFuslaimed far and near. TIE wise man
visa be makes q pi.e Of money through
he knQuia6eS 81 aOnae impending eV6nA,
% fFem any other causs, pats Il into bis
pocket and quits The street. But this Il
hard 10 %. The tsmptation TO Try
aRAin h 100 strong 10 Be resisted, and
tha money ven h alAked aRain 10 an
other speculation and 30 %, until dis
as1ef comes ard al 70 swept away. The
stEast b full f men Who have made for
lanss-almost invariably By ore OF two
Transactions -and lost them By tFyina
10 make more. Chances 10 make hia
money IN Wall street. DO not come 70 The
average Wall street men more th9n two
o. thfee times q year, ret the average
Spectator wants 10 trade ell the time.
He bays and sells every day, whether
there u any market or not. He IL like
the man wha gets the horse racing ma
ME. VIA must bet 90 eveTy facs, whaiheR
be knows anything about ihe horses
tbsl ara running OF not. TIE result II
ioEe9ane conclusion; be losss money. II
be knows the WAYS Of the street, and
TIE eondition Of The country be NAV
unaa or twice Q year Gnd q condition Of
hlalFs 10 which u Il absolutely safe 10
bay stocks OF 30 cell theEa for short 90
eoaut. Thefe are 3 few men In New
YORK Wko apeeniaie IN this manner, and
-. - = ssns1a Sa~a -affr,4 ~. gnefsauna
When thsFe comes q break IN pRtces al
e The ona OF q few days ago, When jay
pfieea for no other reason than that
neg we're after OJTsa W. Fields scalp
lhen the wise man takes his cash and
gsls down Into the street and picks Up
Alnas that are cheap. He must under
sand, however, enoagh about railroad
pfspaFty and The condition Of trade 70
kao9 WHISTLER things are cheap o. not,
ter u Il dangerous hunlnoa 81 heal he
aAOald pay kos What be purchases and
vail viii patience for lhe recovery that
comes, maybe IN q week, maybe not In
agar. u ls the pure and simple gam
hing ea snail margins tkAt makes
minoa-maat Of tho apeoalAtag, and such
8 drop e. Manhattan and Western
Cnien had the other day wiped out ell
he Vay from 9 hundred 10 q thsusand
men Who have been hangtBg on for six
nontha In The hope Of little luck. l
know % q young man Who bad 5000
lafi 10 him By relative year and q
half eco, and Who had ios. little ct .
Mma by Wall street meAhods until be
lad eiaoo lefs iasi before The smash.
He helisvsd thai Manhattan vas good
hing 10 hay, and when some oue bought
0Qo shaRea on The morning OF the
beeAk. be thought the signs were that
ths Iona expected advance VS. immi-
nenh 10 be hopPed In and bought 100
eAaRea Il only ihA In half an hour the
prics vas forty points beloW his par
cAaaa prica. His BROKER waa not qniok
ensaRh 10 protect himself even. % ~.
pta waa the decline, bal be did manage
. sell Ne young man Qua Cd las, max
l1a q total loss 81 ei700. 80 that nov ny
trend Owes the broker $500. Yet tbs
persoa had lived IN Wall street quite A
len9 81 the average man With 5000 81
e0oQ capital lives. u h In proportion
70 the limit OF marain q man allow
himas1 that his Wall street life lasts.
When james r. keene came 10 New
fsgk Win savsn millions Of dollars anG
entsred into active training, Il was free
3 pRedicted thaa he would become |
eeaaA Vanderbilt OF jay Gould. and b
sight have been had be followed thet
ae,hoda bat be cid not. He vent int
! tos street 10 trade every DAY. Thing
veai veil soma dAyA and others t6el
q aos. ard little By little The ycnnl
uAltiegniAn'a seven miliinna siippe'
evay. until be became lee AID les
fae1oR In the street, and lately we hsv
aaaed v hear anything o. him ~ b
tssnActiooa he Il nod ahaoiutel
aankxaps. but be 10 ne longer TIE roc
= hat be vas.
fhage ere a fee men-very few-wA
saSe stood the Wall street racket. Ths
have wAae their money rather By Goa
e14alona and consultations 81 rel
80 property than By Speculation
H. 0ouia b boi mere s1cesesful 80
gee1lalss than many othera. bul 81 g
esanaiiaAticn u properties parehaae
saean and By the Watering Of stoek 40
Ne h&aing Of eonGa be has made
ysa tostane. Yea be Mss lost mnch |
unee uhe1 be las alteDpsed % fort
Ne mArAsa. The same is trua 81 ka
81 sAee, anctkeF % the Wall stree
1rytvazs. lie kAa ioss many = millic
q aoiiAa By speculation while uAkir
-.